Phillips-Van Heusen's quarterly profit rises

SAN FRANCISCO (MarketWatch) -- Phillips-Van Heusen Corp.
PVH, -1.50%
late Monday reported its fourth-quarter profit rose to $52.2 million, or 72 cents a share, from $27 million, or 51 cents a share, a year earlier. On an adjusted basis, the company would have earned 93 cents a share, said the clothing company that owns brands like Tommy Hilfiger and Calvin Klein. Analysts surveyed by FactSet Research had forecast earnings of 82 cents a share on revenue of $1.36 billion. The apparel company expects first-quarter earnings of 82 cents to 84 cents a share on revenue of $1.32 billion to $1.35 billion.

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